DekaBank Deutsche Girozentrale Raises Stock Position in Toll Brothers Inc. $TOL

DekaBank Deutsche Girozentrale boosted its holdings in Toll Brothers Inc. (NYSE:TOL) by 15.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,591 shares of the construction company’s stock after buying an additional 1,134 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Toll Brothers were worth $984,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in Toll Brothers by 6.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,485 shares of the construction company’s stock worth $169,000 after buying an additional 90 shares in the last quarter. Brooklyn Investment Group increased its stake in Toll Brothers by 52.8% in the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock worth $29,000 after buying an additional 94 shares in the last quarter. Old Port Advisors increased its stake in Toll Brothers by 4.5% in the 2nd quarter. Old Port Advisors now owns 2,165 shares of the construction company’s stock worth $247,000 after buying an additional 94 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of Toll Brothers by 0.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company’s stock valued at $2,619,000 after purchasing an additional 100 shares during the last quarter. Finally, Applied Finance Capital Management LLC boosted its holdings in shares of Toll Brothers by 4.0% during the 2nd quarter. Applied Finance Capital Management LLC now owns 2,579 shares of the construction company’s stock valued at $294,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 1.0%

Shares of NYSE:TOL opened at $138.05 on Monday. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a 50-day moving average price of $137.80 and a 200 day moving average price of $120.19. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 1.64 and a beta of 1.40.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.59 by $0.14. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the firm earned $3.60 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.35%.

Insider Activity at Toll Brothers

In related news, COO Robert Parahus sold 9,831 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $130.84, for a total value of $1,286,288.04. Following the completion of the transaction, the chief operating officer owned 19,692 shares of the company’s stock, valued at approximately $2,576,501.28. This trade represents a 33.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the sale, the chief executive officer directly owned 286,117 shares in the company, valued at $39,558,536.42. This trade represents a 8.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,643 shares of company stock valued at $5,305,630. Insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TOL. Weiss Ratings reissued a “hold (c+)” rating on shares of Toll Brothers in a report on Friday. Seaport Res Ptn raised shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Wells Fargo & Company boosted their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $160.00 price target (up previously from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $149.43.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.